PRWCX vs. SPY
Compare and contrast key facts about T. Rowe Price Capital Appreciation Fund (PRWCX) and SPDR S&P 500 ETF (SPY).
PRWCX is managed by T. Rowe Price. It was launched on Jun 30, 1986. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRWCX or SPY.
Correlation
The correlation between PRWCX and SPY is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PRWCX vs. SPY - Performance Comparison
Key characteristics
PRWCX:
1.94
SPY:
2.21
PRWCX:
2.63
SPY:
2.93
PRWCX:
1.36
SPY:
1.41
PRWCX:
4.45
SPY:
3.26
PRWCX:
14.86
SPY:
14.43
PRWCX:
1.00%
SPY:
1.90%
PRWCX:
7.66%
SPY:
12.41%
PRWCX:
-45.33%
SPY:
-55.19%
PRWCX:
-2.21%
SPY:
-2.74%
Returns By Period
In the year-to-date period, PRWCX achieves a 13.21% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, PRWCX has underperformed SPY with an annualized return of 8.33%, while SPY has yielded a comparatively higher 12.97% annualized return.
PRWCX
13.21%
-0.28%
5.91%
14.05%
10.67%
8.33%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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PRWCX vs. SPY - Expense Ratio Comparison
PRWCX has a 0.68% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PRWCX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Capital Appreciation Fund (PRWCX) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
PRWCX vs. SPY - Dividend Comparison
PRWCX's dividend yield for the trailing twelve months is around 10.31%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRWCX T. Rowe Price Capital Appreciation Fund | 10.31% | 4.15% | 9.44% | 9.23% | 7.97% | 5.83% | 2.53% | 1.31% | 1.57% | 1.52% | 1.42% | 1.13% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
PRWCX vs. SPY - Drawdown Comparison
The maximum PRWCX drawdown since its inception was -45.33%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PRWCX and SPY. For additional features, visit the drawdowns tool.
Volatility
PRWCX vs. SPY - Volatility Comparison
The current volatility for T. Rowe Price Capital Appreciation Fund (PRWCX) is 2.32%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.72%. This indicates that PRWCX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.